India, June 24 -- IoT smart lock startup IkinGlobal has raised $2 Mn (about Rs.19 Cr) in its pre-Series A2 funding round led by Unicorn India Ventures, Callapina Capital and AWE Funds.

The fresh capital will be utilised to expand into international markets, accelerate product development, scale manufacturing capacity, and strengthen its operations, the startup said in a statement.

Founded in 2012 by Nibu Alias, Ikin Global develops IoT-enabled smart locks and security solutions for supply chain and logistics companies.

Its patented Intelligent Logistics Vehicle Security System (ILVSS) provides features such as real-time tamper alerts, geofencing, remote access controls and audit trails to improve cargo security and operational visibili...